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Operating Lease
A lease agreement allowing one to use an asset but does not convey rights of ownership of the asset.
Direct Lease
A leasing agreement where the lessor buys the asset chosen by the lessee and then leases it back to them.
Lessor
The party that leases or rents out a property or asset to another party, known as the lessee.
Present Value
The present value of a future amount of money or series of cash inflows, discounted by a particular return rate.
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